Kaneka developed a 50,000 hours OLED lighting panel, plans to increase production capacity

According to a news report from Japan, Kaneka developed a new OLED panel that achieves a lifetime of 50,000 hours, almost double from the company's current OLEDs. The panel is 8x8 cm in size and 1 mm thick.

Kaneka has a small production line with an annual capacity of about 20,000 panels. The company plans to expand the production capacity with an aim to halve the manufacturing costs. Kaneka plans to achieve OLED sales of ¥50 billion (around $450 million) by 2020.